Access to Economics and Market Insights

MiFID II inducement rules apply to the provision of non-monetary benefits, including research, to firms that manage third-party investments or provide investment advice. In order to manage the risk that its research could be considered as an inducement, Lloyds has chosen to make research it distributes openly available, free of charge, via its website. This is in line with guidance from ESMA, the European Securities and Markets Authority.

While most of our research is appropriate for smaller investors categorised as Retail investors under Financial Conduct Authority (FCA) rules, some of it is only appropriate for larger Professional investors who are considered to be sufficiently expert to be able to properly assess any risks associated with any investment recommendations in the research. Before accessing any of our research you will be asked to confirm whether you are a Retail Investor, and if so will be directed to the research materials that are appropriate for you.

Research intended for Professional investors should not be used or relied upon by Retail investors. Additionally, research can only be accessed if you are within the European Economic Area (EEA). Anyone accessing our research from outside of the EEA will be redirected back to the homepage.

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